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Author Question: The city of Brittainville's Special Revenue Fund 6 levied 350,000 in taxes, of which 1 was expected ... (Read 85 times)

leilurhhh

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on: Jul 6, 2018
The city of Brittainville's Special Revenue Fund 6 levied 350,000 in taxes, of which 1 was expected to be uncollectible; the balance is expected to be collected during the current year.
 
  During the year, the fund also collected  7,500 of interest revenue and transferred 50,000 from the General Fund. As a result of these transactions fund balance will increase by
  a. 407,500
  b. 404,000
  c. 357,500
  d. 354,000
  e. 400,000

Question 2

The assets and liabilities of the company are 128,000 and 84,000, respectively. Owner's equity should equal
 a. 212,000
  b. 44,000
  c. 128,000
  d. 84,000


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jaaaaaaa

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Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

b


leilurhhh

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Reply 2 on: Jul 6, 2018
:D TYSM

xoxo123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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